The Unz Review - Mobile
A Collection of Interesting, Important, and Controversial Perspectives Largely Excluded from the American Mainstream Media
Show by  
Email This Page to Someone

 Remember My Information



=>
Topics Filter?
2016 Election American Media Banking Industry Banking System Business Capitalism China Debt Dollar Donald Trump Economic Theory EU Euro Eurozone Federal Reserve Financial Bailout Financial Crisis Financial Sector Free Trade Global Warming Gold Greece Housing Iceland IMF Immigration Inequality Japan Latin America Latvia Minimum Wage Neoliberalism Oil Poverty Privatization Radio Interviews Reprint Russia The Insiders Economic Dictionary Trade TV Ukraine Unemployment Wall Street Washington Consensus 2004 Election 2008 Election 2010 Election 2012 Election 9/11 Academia Affirmative Action Afghanistan Africa Agriculture AIPAC Airports Al Jazeera Alan Greenspan Alan Nasser ALCA Alibaba Alzheimers Amazon.com American Debt American Default American Military American Pravda American Prisons Ancient Near East Animal Rights Anti-Semitism Antiracism Antitrust Appalachia Apple Argentina Argentina Default Article Artificial Intelligence Asian Financial Crisis Austerity Australia Auto Industry Auto Loans Automation Automobile Sales Baltimore Riots Banking Banks Barack Obama Bear Stearns Ben Bernanke Benjamin Netanyahu Bernie Sanders Bilingual Education Billionaires Bitcoin Bitcoins Black Crime Blacks Boeing Bolivia Books Brazil Brexit BRICs Brighton Britain Bubble & Beyond Bush Business School Canada Cancer Catholic Church Catholicism Cell Phones Censorship Charles Murray Charlie Hebdo Chicago School Chile China/America China Stock Market Meltdown Chinese Christine Lagarde CIA Cindy Sheehan Class Warfare Classical Economics Coal Cockburn Family Colonialism Conflict Of Interest Conservative Movement Consumer Debt Corruption Cost Accounting Counterpunch Cover Story Crime Cuba Currency Speculation Cyprus Dallas Shooting David Petraeus David Stockman Death Penalty Deep State Defense Budget Deficits Deflation Democracy Now! Democratic Party Deregulation Detroit Development Developmental Noise Dick Cheney Dictatorship Dominique Strauss-Kahn Donald Rumsfeld Drug Cartels Drugs Dubai Eastern Europe Ebola Economic History Economic Sanctions Economics Ed Miller Education Edward Snowden Edwin O. Reischauer Electric Cars Elon Musk Emigration Empire Employment Energy Environment Environmentalism Eurasia Europe European Union Event Ex-Im Bank Facebook Fake News Farming FAZ Finance Financial Bubbles Financial Debt Financial Times FIRE Flat Tax For Profit Schools Foreign Investment Fossil Fuels Fracking France Franz Boas Fukushima Gay Marriage Gender Gene-Culture Coevolution Geo-Politics George Soros Germany Glass-Steagall Globalism Globalization GMO Goldman Sachs Google Gordon Brown Government Debt Government Shutdown Government Spending Government Stimulus Government Surveillance Great Depression Great Recession Greg Cochran Gregory Clark H-1B H1-B Visas Hacking Haiti Harvard Health Henry George Henry Harpending Henry Paulson Hillary Clinton Hispanics HSBC Huey Long Hugo Chavez Hurricane Katrina Illegal Immigration Imperialism Income Tax India Inflation Infrastructure Interest Iran Iran Nuclear Agreement Iraq Ireland Israel Israel Lobby Italy Ivy League Jeff Sommers Jeremy Corbyn Jews John Brennan John Kerry Joseph Stiglitz Karl Rove Killing The Host Korea Kroger Co. Labor Labor Day Land Larry Summers Las Vegas Laurence Fink Lee Kuan Yew Lehman Brothers Liberalism Libertarianism Lindsey Graham Lombok Strait Low Wages Madoff Swindle Malacca Strait Manufacturing Margaret Thatcher Mark Carney Markets Marx Marxism Max Keiser Meat Medicine Meritocracy Merkel Mexico Michael Hudson Michigan Middle East Minorities MMT Modern Money Theory Mohammed Bin Salman Money Supply Monopoly Mortality National Debt Nationalism NATO Neocons Neoconservatives New Silk Road New York City New York Times Nicholas Wilson Nobel Prize North Korea Norway Nuclear Energy Nuclear Weapons Obama Obamacare Obscured American Occupy Wall Street Oil Industry Olympics One Percent Opioids Ottoman Empire Outsourcing Oxytocin Panama Papers Paul Krugman Paul Samuelson Peak Oil Penny Pentagon Phil Rushton Pinochet Plutocracy Poland Police State Political Correctness Pollution Ponzi Scheme Populism Post-Communism Postindustrialism Prescription Drugs Prizatization Productivity Propaganda Property Tax Prostitution Protectionism Prudential Insurance Psychology Public Enterprise Public Schools Publishing Race Radio Radio Interview Real Estate Refugee Crisis Renegade Economists Renewable Energy Rentier Republican Party Republicans Reuel Gerecht Review Robots Ron Paul Ron Unz Rupert Murdoch Samsung Saudi Arabia Scotland Scott Ritter Shanghai Cooperation Organisation Shanghai Stock Exchange Sheldon Adelson Silicon Valley Simon Patten Singapore Smoking Soccer Social Security Socialism Solar Energy Sony South China Sea Spain Stanford Steven Mnuchin Student Debt Student Loans Supply-Side Economics Sweden Switzerland Syria Syriza Tax Tax Cuts Tax Evasion Taxes Tea Party Technology Terrorism Tesla The Economist Third World Thorstein Veblen Timothy Geithner Tobin Tax Toshiba TPP Trade Surplus Trump TTIP Tuition UKIP Unions University Admissions USA Veblen Venezuela Vietnam Vioxx Vladimir Putin Vouchers Walmart Warren Buffet Welfare Welfare State White America White Americans White Death Workers Working Class World Cup World Restaurants World War II WTO YouTube
Nothing found
Authors Filter?
Michael Hudson
Nothing found
Sources Filter?
 Most RecentEconomics Archive
/
Iceland

Bookmark Toggle AllToCAdd to LibraryRemove from Library • BShow CommentNext New CommentNext New Reply
Paul Krugman is widely appreciated for his New York Times columns criticizing Republican demands for fiscal austerity. He rightly argues that cutting back public spending will worsen the economic depression into which we are sinking. And despite his partisan Democratic Party politicking, he warned from the outset in 2009 that President Obama’s modest counter-cyclical spending... Read More
The New Bank Disaster Olafur Arnarson, Michael Hudson and Gunnar Tomasson* The problem of bank loans gone bad, especially those with government-guarantees such as U.S. student loans and Fannie Mae mortgages, has thrown into question just what should be a “fair value” for these debt obligations. Should “fair value” reflect what debtors can pay –... Read More
More at The Real News Transcript PAUL JAY, SENIOR EDITOR, TRNN: Welcome to The Real News Network. I’m Paul Jay in Washington. In Europe, people in many countries are saying no to paying for the crisis and bailing out banks. And to a large extent leading the way have been people in Iceland, who have... Read More
Replacing Economic Democracy with Financial Oligarchy
“But if a country is still not delivering, I think all would agree that the second stage has to be different. Would it go too far if we envisaged, at this second stage, giving euro area authorities a much deeper and authoritative say in the formation of the country’s economic policies if these go harmfully... Read More
Breakup of the euro?
Is Iceland’s rejection of financial bullying a model for Greece and Ireland? This article is an excerpt from Prof. Hudson’s upcoming book, “Debts that Can’t be Paid, Won’t Be,” to be published later this year. Last month Iceland voted against submitting to British and Dutch demands that it compensate their national bank insurance agencies for... Read More
Michael Hudson appears on the Renegade Economists podcast to discuss the motivations behind rating agencies, austerity aiding bankers, the disintegration of the EU and how property bubbles are to blame for so many of the global economy’s problems. Michael Douglas from Wall St: Money Never Sleeps makes a cameo appearance. Listen now Subscribe to the... Read More
About 75% of Iceland’s voters turned out on Saturday to reject the Social Democratic-Green government’s proposal to pay $5.2 billion to the British and Dutch bank insurance agencies for the Landsbanki-Icesave collapse. Every one of Iceland’s six electoral districts voted in the “No” column – by a national margin of 60% (down from 93% in... Read More
A landmark fight is occurring this Saturday, April 9. Icelanders will vote on whether to subject their economy to decades of poverty, bankruptcy and emigration of their work force. At least, that is the program supported by the existing Social Democratic-Green coalition government in urging a “Yes” vote on the Icesave bailout. Their financial surrender... Read More
Professor Hudson was recently in Norway and interviewed on NRK. Take your pick, the first file has the Norwegian edited out, so excuse a few jumps in topic. The second is the full podcast. Listen (3 mins) Listen to the Norwegian version (34 mins)
What does Norway get out of its Oil Fund, if not More Strategic Infrastructure Investment? For the past generation Norway has supplied Europe and other regions with oil, taking payment in euros or dollars. It then sends nearly all this foreign exchange abroad, sequestering its oil-export receipts – which are in foreign currency – in... Read More
Tax-Avoidance – The Worst is Yet to Come
“Let me tell you about the very rich. They are different from you and me.” “The Rich Boy,” by F. Scott Fitzgerald The 30-year campaign of the wealthy to rig our economic system – especially the tax component – for their own benefit will accelerate with the GOP capture of the House of Representatives and... Read More
The wealthy won’t pay their taxes, so labor must do so.
As published in Counterpunch The “Greek bailout” should have been called what it is: a TARP for German and other European bankers and global currency speculators. The money is being provided by other governments (mainly the German Treasury, cutting back its domestic spending) into a kind of escrow account for the Greek government to pay... Read More
Government debt in Greece is just the first in a series of European debt bombs that are set to explode. The mortgage debts in post-Soviet economies and Iceland are more explosive. Although these countries are not in the Eurozone, most of their debts are denominated in euros. Some 87% of Latvia’s debts are in euros... Read More
Financial Times Olafur Ragnar Grimsson, Iceland’s president, has created uproar with his decision to block legislation that would have repaid €3.9bn ($5.6bn) lost by British and Dutch savers in a failed Icelandic bank, triggering a referendum that the government is expected to lose. The initial response by credit rating agencies was to downgrade Icelandic bonds,... Read More
Financial Times (shorter version) Global Research Can Iceland and Latvia pay the foreign debts run up by a fairly narrow layer of their population? The European Union and International Monetary Fund have told them to replace private debts with public obligations, and to pay by raising taxes, slashing public spending and obliging citizens to deplete... Read More
Financial Times an Iceland and Latvia pay the foreign debts run up by a fairly narrow layer of their population? The European Union and International Monetary Fund have told them to replace private debts with public obligations, and to pay by raising taxes, slashing public spending and obliging citizens to deplete their savings. Resentment is... Read More
A copy of this file can be downloaded here.
Make Iceland pay for Incompetent British Bank Deregulation
Counterpunch Last month the G-20 authorized the International Monetary Fund to increase its loan resources to $1 trillion. It’s not hard to see why. Weakening currencies in the post-Soviet states threaten to raise default rates on foreign-currency mortgages as collapse of the Baltic real estate bubble drags down Swedish banks, while the Hungarian property plunge... Read More
You can download a copy of this file from here.
Category Classics
Which superpower is more threatened by its “extractive elites”?
The sources of America’s immigration problems—and a possible solution